Cohen & Steers Quality Income Realty Fund: The REIT Wrapper Adds A Layer Most Yield Investors Miss

BLUF: RQI delivers 8.93% annualized distribution yield through a leveraged REIT portfolio — but the structure beneath that yield includes a 30% leverage layer, floating-rate exposure on 19% of borrowings, and a managed distribution policy that can include return of capital. The 8.93% yield is only the outer layer.